ERFB News Out By CEO, States The Stock Is Way Unde
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ERF Wireless Offers Guidance on Evaluating Its Current Share Price |
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ERF Wireless Offers Guidance on Evaluating Its Current Share Price LEAGUE CITY, TX--(Marketwired - Nov 6, 2013) - ERF Wireless Inc. (OTCQB: ERFB), the operator of the nation's largest terrestrial wireless broadband network servicing the domestic oil and gas sector, today announced that its management team believes the company's public stock has dramatically declined over the past several weeks due to the neutral outcome of its recent arbitration with Schlumberger, and that this one-time event is placing an unnecessary temporary burden on all ERF Wireless stockholders. Because ERF Wireless has been, and continues to be, a vigorous and growing terrestrial wireless broadband company, the management team is of the opinion that the company's current valuation is unrealistically low and could be at least $1.00 per share if stockholders should take into consideration the ERF Wireless on-going performance and the historical facts summarized below.
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